Barry Siegel, the former senior director of order planning management for North America, agreed to a civil settlement after allegedly using material nonpublic information about sales and inventories to short FL shares prior to two Foot Locker earnings announcements in 2023.
Author: SGB Media
Rally House Opens Three Stores in Ann Arbor
Following its takeover of three former M Den stores, Rally House now has four stores in the region and 23 in the state.
Thor Industries Taking Cautious Look Ahead as Fiscal Year-End Backlog Falls $3.37B
The company may be taking some solace in an improvement in gross margin for the fiscal fourth quarter ended July 31 because there wasn’t much else to hang its hat of in a very difficult year for the RV market, or high-end discretionary purchases, in general.
EXEC: Leatt Partners with ZyroFisher in Distribution Deal for UK and Ireland
ZyroFisher will begin distributing Leatt products in the UK and Ireland in Spring 2025, with pre-orders starting November 2024, providing a larger portfolio of mountain bike-oriented protective products.
Gearhead Outfitters Converts Pinnacle Location to Patagonia Concept Shop
The retailer said the store will be exclusively focused on offering an expanded line of Patagonia products, along with other premium brands such as On, Hoka, Birkenstock, Altra, Danner, and Smartwool, curated to complement Patagonia’s offerings.
Pickleball Kingdom Franchise to Open in Lynnwood, WA in Early 2025
The new facility in Lynnwood, WA, led by brother and sister team John and Mara Hylton, will occupy a 37,000-square-foot space previously occupied by Bed Bath & Beyond and feature 12 indoor courts.
Tour Edge Appoints Vice President of Brand and Strategic Partners
Ladd comes to the role from Wilson Golf. She brings a strong background in golf knowledge with experience in national account and sales team management, merchandising and global marketing efforts garnered over a decade working for the company.
Dunlop Protective Footwear Gets New Majority Owner
The EQT Mid Market Europe fund has reportedly agreed to sell its majority stake in Dunlop Protective Footwear to Gilde Equity Management (GEM). Financial details of the transaction have not been disclosed.
Fjällräven is Latest Brand to Launch Resale Marketplace Site
The company launched Fjällräven Pre-Loved, a peer-to-peer resale marketplace where customers across the U.S. can buy and sell second hand Fjällräven apparel, bags and gear.
Life Time Completes Credit Revolver Increase and Extension
In connection with the refinancing, the company said it borrowed under the revolver and paid the remaining aggregate principal amount of ~$200 million outstanding under its term loan facility that had an interest rate of SOFR plus 4.00 percent.
B.A.S.S., LLC Appoints Chief Operating Officer
Executive Vice President Phillip Johnson was promoted to chief operating officer. Johnson has 25 years of experience in sales and operations management. He will continue to play a crucial part in ad and sponsorship sales, events and content.
OIA Appoints Senior Director of Advocacy and Government Affairs
Jaclyn Levy is reported to be a “seasoned public policy leader and brings a unique perspective and a strong track record of implementing innovative solutions across diverse industries into her new role.”
Alterra Names President of Mike Wiegele Helicopter Skiing
Elias Ortner has been named President and COO of Mike Wiegele Helicopter Skiing
Extraordinary Brands Expands Leadership Team Across Multiple Departments
The parent of the Pūrvelo Cycle, Eat the Frog Fitness, Row House, and Neighborhood Barre fitness brands has added to its leadership team as the company continues its expansion efforts.
Bicycle Transit Systems to Acquire BCycle from Trek
The acquisition, expected to close in October, will allow Bicycle Transit Systems to expand mobility options in cities nationwide with solutions for building, installing and managing docked e-bike share.
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